Financial Accounts of the United States - Z.1
F.212 Municipal Securities
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2021 | 2022 | 2023 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic nonfinancial sectors; municipal securities; liability | FA383162005 | 79.5 | -52.6 | 20.9 | -31.1 | -185.2 | 45.9 | 109.1 | -11.2 | -60.3 | 1 |
| State and local governments; municipal securities; liability | FA213162005 | 69.1 | -52.4 | 20.2 | -17 | -167.7 | 38.4 | 89.9 | -10.7 | -36.8 | 2 |
| State and local governments; short-term municipal securities; liability (1) | FA213162400 | -13.7 | -7.5 | 1.5 | 3 | -8.4 | -1.7 | 7.1 | 10.8 | -10.3 | 3 |
| State and local governments; long-term municipal securities; liability | FA213162200 | 82.7 | -44.9 | 18.7 | -20 | -159.3 | 40.1 | 82.8 | -21.5 | -26.6 | 4 |
| Nonprofit organizations; municipal securities; liability (2) | FA163162003 | -1.1 | -0.9 | 2.1 | -3 | 1.1 | 0.3 | 9 | 0.2 | -1.1 | 5 |
| Nonfinancial corporate business; municipal securities; liability | FA103162000 | 11.5 | 0.7 | -1.4 | -11 | -18.5 | 7.2 | 10.2 | -0.7 | -22.4 | 6 |
| All sectors; municipal securities; asset | FA893062005 | 79.5 | -52.6 | 20.9 | -31.1 | -185.2 | 45.9 | 109.1 | -11.2 | -60.3 | 7 |
| Households and nonprofit organizations; municipal securities; asset | FA153062005 | -112.3 | 29.7 | 93.3 | 6 | 92.2 | 128.3 | 131.1 | 36 | 77.6 | 8 |
| Nonfinancial corporate business; municipal securities; asset | FA103062003 | 11.2 | -0.2 | 0 | -0.2 | -0.9 | -0 | 0.5 | 0.1 | -0.4 | 9 |
| Nonfinancial noncorporate business; municipal securities; asset | FA113062003 | 0.1 | 0.9 | -0.1 | 1 | -0.3 | -0.3 | 0.3 | 1 | -1.4 | 10 |
| State and local governments; municipal securities; asset | FA213062003 | 3.8 | 6.4 | -0.4 | 6.7 | 7.4 | 8.1 | 8.8 | -8.5 | -9.8 | 11 |
| U.S.-chartered depository institutions; municipal securities; asset | FA763062000 | 53 | 4.8 | -64.7 | -7.3 | -80.5 | -71.6 | -66.5 | -46 | -74.5 | 12 |
| Foreign banking offices in the U.S.; municipal securities; asset | FA753062003 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13 |
| Banks in U.S.-affiliated areas; municipal securities; asset | FA743062003 | -0 | -0 | 0 | -0 | -0 | -0 | -0 | 0 | 0.1 | 14 |
| Credit unions; municipal securities; asset | FA473062005 | 2.3 | 0.1 | 0.1 | -0.4 | -2 | -0.1 | -0.7 | 0.6 | 0.6 | 15 |
| Property-casualty insurance companies; municipal securities, including those held by U.S. residual market reinsurers; asset | FA513062005 | -1.1 | -7.7 | -29.3 | -16.3 | -26.6 | -32.1 | -28.8 | -31 | -25 | 16 |
| Life insurance companies; municipal securities; asset | FA543062005 | 1.1 | 5 | -5 | 6.1 | -3.5 | -3.7 | -10.4 | -3.4 | -2.7 | 17 |
| Federal government retirement funds; municipal securities held by National Railroad Retirement Investment Trust; asset | FA343062033 | -0 | -0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 | 18 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | FA223062043 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19 |
| Money market funds; municipal securities; asset | FA633062000 | -14.6 | 7 | 11.7 | 4.6 | -12 | 0.1 | 20.5 | 25 | 1.2 | 20 |
| Mutual funds; municipal securities; asset (market value) | FA653062003 | 109.4 | -130.9 | -4.4 | -54.6 | -207.4 | 20.2 | 19.4 | -8.1 | -49.3 | 21 |
| Closed-end funds; municipal securities; asset | FA553062003 | 0.7 | -0.3 | -0.7 | -1.8 | 0.2 | 1 | -0.6 | -0.4 | -2.8 | 22 |
| Exchange-traded funds; municipal securities; asset | FA563062003 | 20.6 | 29.3 | 14.6 | 0.9 | 60 | -2.7 | 10.2 | 18.6 | 32.2 | 23 |
| Government-sponsored enterprises; municipal securities and Sallie Mae public academic facilities financing and Sallie Mae public warehousing advances; asset | FA403062005 | -0.4 | -0.2 | -0.1 | -0 | -0.3 | 0 | -0.3 | -0.1 | -0 | 24 |
| Security brokers and dealers; municipal securities; asset | FA663062003 | 6 | 0.7 | 1 | 20.4 | -12.9 | -5.2 | 18.6 | 0.9 | -10.4 | 25 |
| Other financial business; municipal securities held by COVID-19 Municipal Liquidity Facility (MLF); asset | FA503062003 | -2.2 | -1.2 | -2.9 | 0 | 0 | 0 | 0 | 0 | -11.6 | 26 |
| Rest of the world; municipal securities; asset | FA263062003 | 1.7 | 4.2 | 7.7 | 4 | 1.5 | 3.8 | 6.9 | 4.1 | 16 | 27 |
NOTES
- Debt with original maturity of 13 months or less.
- Liability of the households and nonprofit organizations sector (table F.101).
Last Update: March 7, 2024